Inflexion invests in Sanne Group

Inflexion Private Equity today announces its investment in Sanne Group (“Sanne”), the leading independent fiduciary services business in the Channel Islands.

In addition to its base in Jersey, Sanne delivers services through a network of international offices in Luxembourg, London, Dublin, Dubai, Hong Kong and Shanghai.

The investment has already enabled Sanne to accelerate its growth strategy; today announcing their intention to acquire, subject to regulatory approval, the capital markets corporate business of State Street Jersey Limited. The combined group will consist of three core businesses (corporate and institutional, fund administration and private wealth) and will employ approximately 200 people. The ambition is to continue to build a high quality fiduciary business through organic growth complemented by additional strategic acquisitions.

Simon Turner, Managing Partner at Inflexion, commented: “We’re delighted to announce this investment in Sanne, which has in turn facilitated an acquisition which complements their existing corporate business. The business is growing strongly and operates in a sector which remains fragmented and offers further exciting acquisition opportunities. We’re backing an ambitious management team and we, together with our international colleagues, look forward to working with them to further grow the business.”

The transaction was led by Richard Swann and Flor Kassai, supported by Edward Fraser and Nicola Boyd. Richard and Flor will join the board as non-executive directors.